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  • #8,341
  • Jun 29, 2013 11:45pm Jun 29, 2013 11:45pm
Quoting stevewalker
guys under this conditions it does not work. you need bigger range. all runners will take your SL BE or you will run into direct loss hope I am clear {image}
I do not understand... could you please clarify?
  • #8,342
  • Jun 30, 2013 12:10am Jun 30, 2013 12:10am
You could use a similar methodology for trading as the one you have posted, Tony but news events are almost irrelevant. I say almost because they always should be taken into account.

A person could simply enter a trade on any pair, once there is a 5/8 EMA Crossover... Either bullish or bearish depending on said EMA Crossover..

Stop can be placed at the low of the bullish candle that caused said EMA Crossover or put at the high of the bearish EMA Crossover..

Then you place the limit the same distance away either above the open price or below...

It is a 1:1 R/R with extremely high probability of target being hit at just about ANY time of day.. Huge leverage can be used but not required to bank profits.
  • #8,343
  • Jun 30, 2013 7:01am Jun 30, 2013 7:01am
Hi there Tony I'm reading your thread wan't to give it a try, I have a few questions about money management and risk and few more things, if it's not hard to you to answer to me.

1. According to post I've read earlier your account is around 400k and you trade with 12 M that should be 120 Lot's and SL 12 pips that's 14400 $ risk or around 3-4 percent per trade, is that your standard risk for all trades or you change depending the type of news.

2. After certain amount of time or goal reached, do you pull some money from account, so you could live from it buy things and similar, because I've noticed that if I don't pull some money i start becoming reckless and risk bigger amount and go back to sum ZERO , by the way I have no trouble of risking in range from 5 to 10 % during day.

3. If it's not secret how much time it took for you to build that account, just i wan't to know the possibilities and do you trade this account exclusively with this system or you are using also another methodology for trading.

4. I see in the pdf it say unfinished, is it going to be complete soon...

I'm willing to start this way of trading, is it 500 dollars good start.

Thx
Wish you All the Pips
  • #8,344
  • Jun 30, 2013 8:27am Jun 30, 2013 8:27am
after EURUSD hit 1.6000 it started to build descening mountains as seen at monthly chart.

actual range it too narrow for your runners.
EURUSD is about to break either direction or at least will widen the range.
then you runners will work as used to worked.
I like Tony point of view to MKT. he has a smart idea.
but again range too narrow now. wait until it widens.

hope I am clear now.


Quoting stevewalker
guys under this conditions it does not work. you need bigger range. all runners will take your SL BE or you will run into direct loss hope I am clear {image}
  • #8,345
  • Jun 30, 2013 3:21pm Jun 30, 2013 3:21pm
Quoting stevewalker
after EURUSD hit 1.6000 it started to build descening mountains as seen at monthly chart. actual range it too narrow for your runners. EURUSD is about to break either direction or at least will widen the range. then you runners will work as used to worked. I like Tony point of view to MKT. he has a smart idea. but again range too narrow now. wait until it widens. hope I am clear now. {quote}

I see what you mean. The behaviour changes all the time, it morphs. Indeed, we are in a tight range right now making it difficult to get a 400 pip run. The market hits me, but I hit myself 10 times harder with my behaviour towards the trading. Page no.1 will change again in the next month. I'm as solid concrete now. In 1 month (the most) we will begin a very disciplined trading that everybody will be able to follow. I will stop all gambling behaviour for good. With the fall coming, later on, I'll also be reporting and post the videos here. This was only the beginning .
Invest in alarm clocks
  • #8,346
  • Jun 30, 2013 9:54pm Jun 30, 2013 9:54pm
Quoting Tony112
{quote} I see what you mean. The behaviour changes all the time, it morphs. Indeed, we are in a tight range right now making it difficult to get a 400 pip run. The market hits me, but I hit myself 10 times harder with my behaviour towards the trading. Page no.1 will change again in the next month. I'm as solid concrete now. In 1 month (the most) we will begin a very disciplined trading that everybody will be able to follow. I will stop all gambling behaviour for good. With the fall coming, later on, I'll also be reporting and post the videos here....
hi tony are u still using ur '5sec L' strategy ?
  • #8,347
  • Jul 1, 2013 3:32am Jul 1, 2013 3:32am
Quoting Tony112
{quote} I see what you mean. The behaviour changes all the time, it morphs. Indeed, we are in a tight range right now making it difficult to get a 400 pip run. The market hits me, but I hit myself 10 times harder with my behaviour towards the trading. Page no.1 will change again in the next month. I'm as solid concrete now. In 1 month (the most) we will begin a very disciplined trading that everybody will be able to follow. I will stop all gambling behaviour for good. With the fall coming, later on, I'll also be reporting and post the videos here....
You are an inspiration keep it up!

Pulled 26 pips off of GBP Manufacturing PMI with 8 pip SL a good 3.25 R/R
  • #8,348
  • Jul 1, 2013 5:14am Jul 1, 2013 5:14am
Quoting dvanderlinde
{quote} You are an inspiration keep it up! Pulled 26 pips off of GBP Manufacturing PMI with 8 pip SL a good 3.25 R/R

That's what I'm talking about!
Invest in alarm clocks
  • #8,349
  • Jul 5, 2013 7:32am Jul 5, 2013 7:32am
look at that crazy nfp price!!
  • #8,350
  • Jul 5, 2013 7:59am Jul 5, 2013 7:59am
mmm...Gotta love news - quick 34 and done for the day in 14 minutes.
Small disciplines repeated with consistency lead to great achievements.
  • #8,351
  • Jul 6, 2013 3:34am Jul 6, 2013 3:34am
Quoting jmflukeiii
mmm...Gotta love news - quick 34 and done for the day in 14 minutes.

Yeeeeaa right. Same scenario as usual

Today you love news, tomorrow you hate news after nasty slippage/spread/whipsaw or other shit

Been there ,done that.
  • #8,352
  • Jul 6, 2013 7:30am Jul 6, 2013 7:30am
Quoting Lukaszmiami
{quote} Yeeeeaa right. Same scenario as usual Today you love news, tomorrow you hate news after nasty slippage/spread/whipsaw or other shit Been there ,done that.
I have been monitoring the market for about 3 weeks now, and looking forward when Tony comes up with updates to Page 1.

For now I think the nasty slippage / spreads / whipsaws forces us to take a stand and put in an order before the market frenzy. The way I see it, as the market evolves, straddle trading almost always result in a loss because of the increased spreads once news is released. Taking a stand and putting in a market order before the news release probably gives us a 50/50 chance of making something, as opposed to a virtual certainty of giving money away due to slippage and increased spreads.

The remaining problem is whipsaws, something which I have no solution to at this time. Sometimes you may eventually be right, but whipsaws would had put you out of the game by taking out your stop losses at the very beginning. But you can't really do without stop losses because what if you are really wrong at the first place? The you would be taking a massive hit to your capital which you can never recover from.
  • #8,353
  • Jul 6, 2013 1:14pm Jul 6, 2013 1:14pm
Quoting Lukaszmiami
{quote} Yeeeeaa right. Same scenario as usual Today you love news, tomorrow you hate news after nasty slippage/spread/whipsaw or other shit Been there ,done that.
Naw - I generally do it right.

And by right, I don't take positions before the news, I don't straddle trade, I wait until my spread is back to normal (.3-.7 on EU), and then I follow where its going and trade pullbacks. News affords us quick profits and volume in the markets - thats what its good for. I think its the best time to be trading. However, I do not think that taking a position pre-news or putting a straddle is a good idea. I just like the amount of participation it brings to the market - that is where money can be made.
Small disciplines repeated with consistency lead to great achievements.
  • #8,354
  • Jul 8, 2013 11:23am Jul 8, 2013 11:23am
I hope it pays off!

The only news Ill be trading this week is:

AUD

Employment Change
  • #8,355
  • Jul 10, 2013 8:45pm Jul 10, 2013 8:45pm
Spike was about 52 pips only managed to pull 23.3 but hey for a 10 pip SL, 70 secs of my life and high leverage I'm not Complaining!

AUD

Employment Change
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  • #8,356
  • Jul 10, 2013 10:17pm Jul 10, 2013 10:17pm
It took some time off. I'm back starting next week monday. For good.
Invest in alarm clocks
  • #8,357
  • Jul 10, 2013 10:18pm Jul 10, 2013 10:18pm
It feels good to take time off. It clears your mind.
Invest in alarm clocks
  • #8,358
  • Jul 10, 2013 10:54pm Jul 10, 2013 10:54pm
Quoting Tony112
It feels good to take time off. It clears your mind.
Looking forward to the new rules! Glad your back!
  • #8,359
  • Jul 10, 2013 11:07pm Jul 10, 2013 11:07pm
that was some crazy eurusd action caused by ben bernanke speech
  • #8,360
  • Jul 14, 2013 5:10am Jul 14, 2013 5:10am
Good to have you back Tony!
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